Granado Espada, known as Sword of the New World: Granado Espada in North America, is a Korean fantasy MMORPG developed by IMC Games Co.,Ltd., and published in North America by K2 Network. It launched in the summer of 2007. Granado Espada won the 2006 Korean awards for Best Graphics and Game of the Year, with features previously unseen in an MMORPG (such as the ability for players to control multiple characters at the same time). Granado Espada features a unique art style based on the Baroque period of Europe, differing from the standard “sword and sorcery” fantasy themes of the genre.

The first English version of the game began Open Beta Testing on May 17, 2007. Publisher K2_network announced in January 2007 that they would be bringing Granado Espada to the North American and European markets in Summer 2007 under the title of Sword of the New World.The game was originally released under a pay-to-play model. On August 21, 2007, Sword of the New World became free-to-play.

On the 10 August 2007, IAHGames, which the game is licensed to in Singapore, Malaysia, Philippines and Vietnam, announced its business model for Granado Espada.Subsequently they informed players that on August 30, 2007, the game would become commercial. IAHGames gave players a 90-day free trial if they achieved Level 20 by that time. New players have a free five-day trial period and after which, they are required to pay. On December 05, 2007, as with its versions in other countries, the game became free-to-play.